Our impact does not end with our clients—each loan and social product we provide is just the beginning.
FINCA has created new livelihoods for millions of clients around the world. In turn, those clients’ businesses create livelihoods for millions more people: On average, FINCA clients create two jobs each, many with living wages. And these livelihoods affect families. With a steady source of income, mothers and fathers are better able to plan for their family’s future, creating a cycle of self-sufficiency rather than dependence. Our model empowers people to make their dreams a reality.
For Harriet in Uganda, her hard work and perseverance is creating a brighter future for the next generation.
When our clients’ businesses are successful, that success spreads. Not only do they increase their own incomes, they also create jobs in their communities. The ripple effect of strong businesses on local markets is powerful—just like it was for like Edson, who now has a thriving clothing business that employs more than 60 people in Tanzania.
In Africa and beyond, youth employment is a major challenge. Not everyone has the chance to pursue an education, and even when they do, job opportunities are often very limited. At FINCA, we see entrepreneurship as a way to engage youth in learning business and financial skills, and earning an income to support themselves—while lifting up other young people in the process. Felison, Deborah, and Suwilanji are just a few of the inspiring youth who are helping to transform the lives of their peers through their businesses.
